Monday, May 21, 2007

India Fact of the Day

1) According to the Planning Commission of India, 600 million people — roughly half the population — are off the electric grid.

2) Transparency International estimated in 2005 that Indians paid $480 million in bribes to put in new connections or correct bills.

Read more here.

What's missing in the story is about the price of electricity. Who has the final say on the electricity price in the face of chronic shortfall of supply to meet demand?

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